http://www.youtube.com/watch?v=wprg5vzkuGw
http://www.youtube.com/watch?v=7MRfADz_pyg
These are the links that demonstrate a similar method to the one I use for binding my quilts. The main difference is that I don't try to cover the underneath stitching when I flip my quilt over to the front. The tailor I spoke of told me to just bring the folded edge of the binding over to meet the stitching from below. With practice, the finish is neat and fast and looks very professionally done. Hope this has been helpful to you.